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VRA Letter: NVDA; Another Massive Beat. Back Up the Truck; SOXL. A Personal Note. Quick Hitters; Bitcoin, TSLA, PM’s/Miners, Lost Soldier.

Good Thursday morning. Another day featuring sharp early morning losses, followed by a strong rally in the afternoon which saw the Dow Jones rally close to 400 points off of the lows. That’s back to back days, one featuring a st ...

Posted On November 21, 20247 MIN Read
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Good Thursday morning. Another day featuring sharp early morning losses, followed by a strong rally in the afternoon which saw the Dow Jones rally close to 400 points off of the lows. That’s back to back days, one featuring a straight up move in Nasdaq and one day in the Dow Jones. This is the repeating pattern action we’ve seen in US markets over most of 2024.

If you’re a bear that’s seeing this...combined with the rather massive broadening action (even as the semis and Mag 7 trade sideways to lower)…you’re a not so happy bear. Repeating patterns are an investor’s best friend (in both directions).

Nvidia Q3 Earnings - Another Massive Beat (with shades of slowing)

Because NVDA reports earnings so late in the quarter, investors have been on pins and needles over the last 2-3 weeks, waiting for yesterday’s Q3 report…and NVDA did not disappoint with another blowout quarter that beat on both the top and bottom line by wide margins. However, their bar is set so high that past comps...

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